HK Stock Market Move | XJ INTL HLDGS (01765) rose by more than 14%. The convertible bond restructuring recently took effect. Institutions are optimistic about the valuation repair of the education sector.

XJ INTL HLDGS (01765) rose by more than 14%, reaching a high of 0.26 Hong Kong dollars, the highest since May last year. As of the time of writing, it has increased by 14.35%, trading at 0.255 Hong Kong dollars with a turnover of 13.8038 million Hong Kong dollars. In terms of news, XJ INTL HLDGS recently announced that the restructuring prerequisites specified in documents, such as the memorandum for consent solicitation for the zero-coupon convertible bonds due in 2026, have been met, including the payment of consent fees, and the restructuring will take effect on September 11. It is expected to redeem the outstanding bonds on or around September 25. Zheshang noted that the recent market's expectation of progress in profit-oriented registration procedures will improve, further alleviating concerns about dividends and overseas debt repayment ability. Cinda stated that the private higher education sector, with a general PE ratio of 3-6x, is expected to experience significant valuation recovery (referring to the market trend in the private higher education sector that started in October-November 2022). It is recommended to focus on investment opportunities brought by the valuation recovery in the private higher education sector.